Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Walton County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $283,843 | $238,631 | $242,182 |
| Price Trend (Annual %) | 15.1% | 9.0% | 8.2% |
| Median Gross Rent | $1,230 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 4.7% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Walton County is about 19% higher than in Georgia. Rent is about 6% lower than the Georgia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Walton County, up about 15.1% and 4.7% a year respectively. Home prices are changing faster.
Median rent in Walton County rose about 45.6% between 2015 and 2023, from $845 to $1,230. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 3.4 yearly household incomes in Walton County.
Buying the median-priced home in Walton County costs roughly 19.2 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Walton County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Walton County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $283,843 | $238,631 | $242,182 |
| Median Household Income | $83,244 | $74,683 | $78,145 |
| Price-to-Income Ratio | 3.4 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Walton County rose about 106.4%, while median household income rose about 60.1% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Walton County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 75.6% | 58.4% | 58.2% |
| Rental Rate | 19.9% | 31.0% | 31.3% |
| Vacancy Rate | 4.5% | 10.6% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Walton County has a homeownership rate of 75.6%, higher than the Georgia average of 58.4%. Its housing vacancy rate is 4.5%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Walton County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.84 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1998 | 1989 | 1978 |
| Median Number of Rooms | 6.6 | 5.9 | 5.5 |
The typical housing unit in Walton County was built around 1998. On average, 2.8 people live in a home with about 6.6 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Walton County, Georgia.
What is the median home price in Walton County, Georgia?
The median home price in Walton County, Georgia is $283,843, higher than the Georgia average of $238,631.
What is the average home price in Walton County, Georgia?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Walton County, Georgia?
The median gross rent in Walton County, Georgia is $1,230 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Walton County in 2020?
In 2020, the median gross rent in Walton County, Georgia was $1,023 per month.
What is the price-to-rent ratio in Walton County, Georgia?
The price-to-rent ratio in Walton County, Georgia is about 19.2, meaning it would take roughly 19.2 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Walton County.
Are home prices or rent rising faster in Walton County, Georgia?
Both home prices and rent are rising in Walton County, up about 15.1% and 4.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Walton County, Georgia?
75.6% of households in Walton County, Georgia own their home, higher than the Georgia average of 58.4%.
What is the vacancy rate in Walton County, Georgia?
The housing vacancy rate in Walton County, Georgia is 4.5%, lower than the Georgia average of 10.6%.